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  1. #1 Am Ex Paying You To Go Away! 
    American Express Wants To Help You 'Simplify Your Finances' -- Will Pay You $300 If You'll Close Your Account

    Well, this sure is a different kind of deal. Instead of paying you a bonus to join, New York-based American Express will give you a $300 American Express prepaid card if you agree to say goodbye. American Express says that it is making this "deal" so that customers can "simplify" their finances. Sure. The offer, which isn't available to everyone, requires a 14-digit RSVP code. Customers are receiving this offer via U.S. Postal and email.

    Let's get something straight here. If you receive this offer, American Express is telling you something: please leave. Note also that in order to get the $300 prepaid card the customer MUST pay off his or her entire balance by April 30, 2009. If the balance is not paid off by April 30, then you will not receive the $300 card. But your card will still get closed. That's a heck of a deal.

    You may be wondering why American Express doesn't just close the accounts of these customers, which would save American Express $300. Here's why: the $300 prepaid card is acting as an incentive for the customer to pay down the balance in an expeditious manner. The customer has exactly two months to get that balance paid off; if he or she does, the $300 card is theirs. Not a bad strategy by American Express.

    The "we want to help you simplify your finances" language is a joke, of course. But, hey, this is American Express. It has never really been good at this sort of thing.

    Anyhow, be on the lookout for the offer. If you receive the offer, be sure to let me know. I'd like to see what kinds of balances are being targeted here.
    I would so do this but I closed my Am Ex account several years ago. :(

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  2. #2  
    Power CUer FlaGator's Avatar
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    Quote Originally Posted by Gingersnap View Post
    I would so do this but I closed my Am Ex account several years ago. :(

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    Sue them... perhaps they now owe you several years interest....

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  3. #3  
    Quote Originally Posted by FlaGator View Post
    Sue them... perhaps they now owe you several years interest....
    Sadly, no. We had the "traditional" Am Ex deal (or whatever it was called). We paid the whole thing off every month.
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  4. #4  
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    I have an A.E. card that I have not charged anything on it in years so I assume they won't be sending me the $300 offer.
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  5. #5  
    Senior Member enslaved1's Avatar
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    Quote Originally Posted by lacarnut View Post
    I have an A.E. card that I have not charged anything on it in years so I assume they won't be sending me the $300 offer.
    They might. You're costing them money and not bringing anything in. I'll bet $300 is a small portion of the administrative fees related to your unused account.
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  6. #6  
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    Quote Originally Posted by enslaved1 View Post
    They might. You're costing them money and not bringing anything in. I'll bet $300 is a small portion of the administrative fees related to your unused account.
    If so, that will be more than I will be getting out of the 800 billion stimulus package.
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